M&M joins hands with Sharad Shakari Bank

Mahindra and Mahindra, the SUV manufacturer, is reported to have tied-up with Sharad Shakari Bank, Manchar, singing a preferred financier agreement with the latter. The outcome of the MOU is going to facilitate Mahindra customers free to avail car loans and finance for commercial vehicles, at across the branch range of the bank.

Published On Mar 19, 2014 16:28 IST

Published OnMar 19, 2014 16:26 IST

Last Updated OnMar 19, 2014 16:28 IST

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Mahindra and Mahindra, the SUV manufacturer, is reported to have tied-up with Sharad Shakari Bank, Manchar, singing a a financier agreement with the latter. The outcome of the MOU is going to facilitate Mahindra customers free to avail car loans and finance for commercial vehicles, at across the branch range of the bank.

Taking it ahead, Mr. Jacob Barghese, Sr. GM, Sales, West Zone, Automotive Division, M&M Ltd, and MR. Devendra Shah, Chairman, Sharad Shakari Bank, signed the financial agreement. Now, it’s obvious that this business relationship will not only benefit M&M in fetching more traffic of customers, but will also benefit the bank in deriving the most out of the deal.

On the occasion, Mr. Varghese said, "At Mahindra, we relentlessly look at options to provide the best schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction. Sharad Shakari Bank offers innovative products and services at affordable rates. With highly competitive schemes for car loans and commercial vehicles, we are hopeful of a good response from our dealers and customers".

On the other hand, Mr. Shah added that Sharad Shakari Bank is expanding its wings in commercial and passenger vehicle financing. Customers will benefit from this tie-up as they will have privileged access to the specialised services of M&M.

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